PNM Resources (NYSE:PNM) Investors Are Sitting on a Loss of 4.3% If They Invested Five Years Ago
PNM Resources (NYSE:PNM) Investors Are Sitting on a Loss of 4.3% If They Invested Five Years Ago
PNM Resources, Inc. (NYSE:PNM) shareholders should be happy to see the share price up 15% in the last month. But if you look at the last five years the returns have not been good. You would have done a lot better buying an index fund, since the stock has dropped 18% in that half decade.
PNm Resources, Inc.(NYSE:PNM)的股东应该很高兴看到股价在最近一个月内上涨了15%。但如果您看过去五年的回报率并不好。如果您购买指数基金,那么您会做得更好,因为这只股票在那半个十年中下跌了18%。
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
鉴于此,值得看看该公司的基本面是否一直是长期业绩的驱动因素,或者是否存在一些不一致之处。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
市场有时候是有效的,但价格并不总是反映公司的基本业务表现。通过比较每股收益和股价变化,我们可以了解投资者对公司的看法如何随着时间变化而变化。
PNM Resources became profitable within the last five years. Most would consider that to be a good thing, so it's counter-intuitive to see the share price declining. Other metrics may better explain the share price move.
PNm Resources在过去五年内实现了盈利。大多数人认为这是一件好事,因此看到股价下跌是不符合直觉的。其他指数可能更好地解释了股票价格的变动。
Revenue is actually up 8.9% over the time period. A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.
营业收入实际上在这段时间内增长了8.9%。对营收和收益进行更详细的研究可能能够解释股价低迷的原因,也可能会为您提供机会。
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
下面的图表显示了收益和营收随时间的变化情况(通过单击图像揭示确切的值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240802/0-1d61b8ab5874d6038f3a6b0088ad7767-0-4452e62f63de129173dbce6579f55800.png/big)
Take a more thorough look at PNM Resources' financial health with this free report on its balance sheet.
通过此免费报告,更全面地了解PNm Resources的财务状况。
What About Dividends?
那么分红怎么样呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of PNM Resources, it has a TSR of -4.3% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
除了衡量股价回报率之外,投资者还应考虑总股东回报率(TSR)。股价回报率仅反映了股价的变化,而TSR则包括分红股价(假定它们被再投资)和任何折价资本筹集或分立的好处。因此,对于支付丰厚股息的公司,TSR通常比股价回报率高得多。在PNm资源的情况下,它在过去的5年中TSR为-4.3%。超过了我们之前提到的股价回报率。这很大程度上是其分红支付的结果!
A Different Perspective
不同的观点
Investors in PNM Resources had a tough year, with a total loss of 2.1% (including dividends), against a market gain of about 23%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 0.8% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. It's always interesting to track share price performance over the longer term. But to understand PNM Resources better, we need to consider many other factors. Even so, be aware that PNM Resources is showing 5 warning signs in our investment analysis , and 1 of those is a bit concerning...
PNm资源的投资者度过了一个艰难的年份,总亏损为2.1%(包括股息),而市场收益约为23%。即使好股票的股价有时会下跌,但我们希望在对企业基本度量标准有所改善之前,看到企业的基本度量标准有所改善。不幸的是,去年的表现表明存在未解决的挑战,因为它比过去半个十年的年平均亏损0.8%更糟糕。一般来说,长期的股价疲软可能是一个不好的迹象,尽管与众不同的投资者可能想要研究股票,以期实现好转。长期跟踪股价表现总是很有趣的。但是为了更好地了解PNm资源,我们需要考虑许多其他因素。即使如此,请注意,PNm资源在我们的投资分析中显示出5个警示信号,其中1个有点令人担忧......
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
对于那些喜欢寻找获胜投资的人来说,最近有内部购买的低估公司免费列表可能是一个很好的选择。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
请注意,本文所引述的市场回报反映了目前在美国交易所上市的股票的市场加权平均回报。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。